Tools for restaurant financial analysis – Part III
By David Scott Peters Restaurant Tip of the Week Return on sales (ROS). The ROS ratio indicates both the profitability and the risk level of the restaurant. The calculation is completed by [...]
Tools for financial analysis – Part II
By David Scott Peters Restaurant Tip of the Week Return on equity (ROE) This ROE ratio is used to determine if an owner’s investment into the business is attractive or not. The calculation is [...]
Tools for restaurant financial analysis – Part I
By David Scott Peters Restaurant Tip of the Week Know your current ratio The current ratio gives a good indication of the financial stability of the restaurant. The calculation is performed by [...]
Know Your Restaurant’s Numbers
By David Scott Peters Restaurant Tip of the Week Ignorance is not bliss When it comes to your restaurant’s money, learn to read the key financial documents, such as your balance sheet. One side [...]
Demystifying Restaurant Financial Statements – Part 3
By David Scott Peters Restaurant Tip of the Week There are three basic tools/reports you need to understand when it comes to demystifying financial statements. They are the balance sheet, the [...]
Demystifying Restaurant Financial Statements – Part 2
By David Scott Peters Restaurant Tip of the Week There are three basic tools/reports you need to understand when it comes to demystifying financial statements. They are the balance sheet, the [...]
Demystifying Restaurant Financial Statements – Part 1
By David Scott Peters Restaurant Tip of the Week There are three basic tools/reports you need to understand when it comes to demystifying financial statements. They are the balance sheet, the [...]
Increase Restaurant Sales
By David Scott Peters Restaurant Tip of the Week There are only three ways to increase your sales: 1. Find new customers. 2. Increase their visits. 3. Increase their ticket size. The most [...]
Restaurant Accounting Tip
By David Scott Peters Restaurant Tip of the Week Know Your Restaurant Accounting Understanding your accounting is a building block of your success. Why? Because the financial statements are the [...]
Restaurant Marketing Ideas – Part 2
By David Scott Peters Restaurant Tip of the Week Tell people what’s going on Put a fishbowl up front to collect business cards for a free lunch. Do a drawing for one winner a day for something [...]
